LexisNexis South Africa to acquire Korbitec

LexisNexis South Africa, part of RELX Group, has agreed to purchase Korbitec from the Naspers Group for an undisclosed amount. The transaction is subject to approval by the South African Competition Commission. Korbitec provides content-enabled workflow solutions for South African property professionals, with two products, GhostConvey and Windeed, in addition to its banking and municipal services divisions. The business has its head office in Cape Town and has a major presence in Johannesburg with smaller satellite offices in Durban, Port Elizabeth, Bloemfontein and East London. Korbitec has about 290 employees.